This was stated
by Pavel Sobíšek, Chief Economist at UniCredit Bank and Chairman
of the Committee on Budgetary Forecasts (CBR). The Committee
described the August macroeconomic forecast of the Ministry of
Finance (MF) for 2022-2023 as optimistic in terms of the likelihood
of its fulfilment.
The majority of the committee members saw risks
mainly in household consumption, which could slow down even
further against the assumptions of the forecast, and in fixed capital
formation in the business sector or inventory formation. The
forecast for general government revenue was assessed as
Source: CIA News, www.cianews.cz.
Prepared by the team of CzechTrade office in New York.